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Property profile & analytics
OFF-MARKET
Office Spaces

5305 Cleveland St Virginia Beach, VA 23462

50,975 SF 1.16 ac lot Built 1983
Property ID
Property summary
AI-generated overview

This exceptional flex space opportunity in Virginia Beach's Cleveland Industrial submarket presents a unique chance to lease a portion of a larger building. Located at 5305 Cleveland St, Virginia Beach, VA 23462, this property offers a total of 50,975 square feet across three single-story buildings, built in 1983. Currently, 7,000 square feet is available, divisible into units ranging from a minimum of 3,000 square feet to a maximum contiguous space of 4,000 square feet. The property sits on 1.16 acres of land and features a 14-foot ceiling height, ideal for various industrial and office uses. Loading and access are facilitated by one loading dock and one drive-in door. Parking is provided with four spaces. The property is zoned I-1 and benefits from single-phase power. This is a multi-tenant building with a total of one suite. This location offers excellent access to major transportation routes within the Virginia Beach area. The property's flexible layout and ample space make it suitable for a variety of businesses seeking a well-located and functional workspace. Inquire today to learn more about this prime flex space opportunity.

Property profile
Verified
Property type Office Spaces
Year built 1983
Total area 50,975 SF
Lot 1.16 ac (50,530 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 1String Sports Training Gym & Fitness Center Sports Field & Court
  • SpeedPro Virginia Beach (Bike/Boat/Book/etc) Store Printing Service
  • Janmar Door Controls & Glass Hardware & Home Improvement Production Facility
  • Swimco Pools Swimming Pool Hardware & Home Improvement
  • Red Ladder Remodeling Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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